Petroleum prices surge by nearly Rs30 per litre in just six weeks

ISLAMABAD: Prices of petroleum products have risen by up to Rs29.71 per litre over the past one and a half months, adding to the financial burden on consumers.

Since June 1, the federal government has increased fuel prices four times, reflecting the ongoing volatility in global oil markets and domestic economic pressures.

In just a month and a half, the price of petrol was increased by Rs 19.52 and high speed diesel by Rs 29.71 per liter.

The price of petrol was Rs 252.63 per liter on May 31, 2025 and at present the price of petrol is Rs 272.15 per liter.

On the other hand, the price of high -speed diesel was Rs 254.64 per liter on May 31, 2025 and the high speed diesel is currently priced at Rs 284.35 per liter.

On the other hand, Federal Minister for Petroleum, Ali Pervaiz Malik, has clarified the reasons behind the recent surge in petroleum product prices, stating that the move was necessary to avoid complications with the International Monetary Fund (IMF).

“We fully understand the difficulties faced by the people,” the minister said, “but had we not increased fuel prices, it could have created serious issues in our ongoing engagement with the IMF.”

He further added that the Pakistani rupee has depreciated by Rs2 against the US dollar, which also contributed to the rise in petrol prices.